Radiant World, a private firm that has risen to become one of the world’s largest iron ore traders, is now under scrutiny after allegations that it submitted fake invoices. The accusations prompted major partners to pull back.

Vitol Group and Cargill Inc. have stopped trading with the company, citing concerns about the authenticity of the documents. Glencore Plc has likewise ceased all new business with Radiant World, according to sources familiar with the situation.

The abrupt withdrawal highlights the risks inherent in commodity trading and underscores the importance of robust due‑diligence processes. The partners are reportedly investigating the claims and may pursue legal recourse if the allegations are substantiated.

While Radiant World has not yet confirmed or denied the allegations, the fallout could influence market dynamics and prompt a broader industry review of invoicing and supply‑chain practices.